Valero Energy (NYSE:VLO) PT Lowered to $165.00

Valero Energy (NYSE:VLO) had its price objective decreased by analysts at BMO Capital Markets from $175.00 to $165.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the oil and gas company’s stock. BMO Capital Markets’ price objective points to a potential upside of 15.85% from the stock’s previous close.

Several other brokerages have also weighed in on VLO. StockNews.com lowered Valero Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Wolfe Research initiated coverage on shares of Valero Energy in a research report on Thursday, July 18th. They issued an “outperform” rating and a $177.00 price objective on the stock. Scotiabank upped their target price on shares of Valero Energy from $165.00 to $173.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 12th. Wells Fargo & Company lifted their price target on Valero Energy from $165.00 to $172.00 and gave the company an “equal weight” rating in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Valero Energy from $172.00 to $151.00 and set an “overweight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.20.

Valero Energy Trading Down 1.1 %

Valero Energy stock opened at $142.42 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.04 and a current ratio of 1.48. Valero Energy has a 1 year low of $119.88 and a 1 year high of $184.79. The firm’s 50-day moving average is $142.67 and its 200-day moving average is $153.79. The company has a market cap of $46.57 billion, a P/E ratio of 7.05, a PEG ratio of 3.35 and a beta of 1.39.

Valero Energy (NYSE:VLO) last issued its earnings results on Thursday, July 25th. The oil and gas company reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.60 by $0.11. The company had revenue of $34.49 billion during the quarter, compared to the consensus estimate of $32.97 billion. Valero Energy had a return on equity of 21.01% and a net margin of 4.25%. Valero Energy’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.40 earnings per share. On average, equities analysts expect that Valero Energy will post 10.13 earnings per share for the current year.

Institutional Trading of Valero Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. J. W. Coons Advisors LLC lifted its position in shares of Valero Energy by 0.8% during the 4th quarter. J. W. Coons Advisors LLC now owns 29,257 shares of the oil and gas company’s stock valued at $3,803,000 after acquiring an additional 236 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Valero Energy by 62.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 13,586 shares of the oil and gas company’s stock worth $1,766,000 after purchasing an additional 5,209 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Valero Energy by 31.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 34,243 shares of the oil and gas company’s stock valued at $4,452,000 after purchasing an additional 8,289 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Valero Energy by 1.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 35,546 shares of the oil and gas company’s stock valued at $4,621,000 after purchasing an additional 570 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in Valero Energy by 524.0% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 54,844 shares of the oil and gas company’s stock worth $7,130,000 after purchasing an additional 46,055 shares in the last quarter. 78.69% of the stock is owned by institutional investors and hedge funds.

Valero Energy Company Profile

Valero Energy Corporation manufactures, markets, and sells petroleum-based and low-carbon liquid transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, Mexico, Peru, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol.